# Logit vs. LPM Comparison: MI Sacrifice and Peg Choice

| Variable | MI Sacrifice (LPM) | MI Sacrifice (Logit) | Peg Choice (LPM) | Peg Choice (Logit) |
|:---|---:|---:|---:|---:|
| Z_1 | -0.3195 | -0.4603 | 0.8633 | 1.4059*** |
| | (0.5237) | (0.3799) | (0.6744) | (0.3828) |
| Z_2 | 0.0389 | 0.0532 | -0.1598 | -0.2349*** |
| | (0.0793) | (0.0574) | (0.1050) | (0.0585) |
| Z_3 | -0.0012 | -0.0016 | 0.0073* | 0.0102*** |
| | (0.0033) | (0.0024) | (0.0044) | (0.0024) |
| fiscal_bal_gdp | -0.0018 | 0.0015 | -0.0002 | -0.0060*** |
| | (0.0019) | (0.0017) | (0.0013) | (0.0017) |
| nfa_gdp_lag | -0.0064 | 0.0062 | 0.0122 | 0.0700*** |
| | (0.0114) | (0.0086) | (0.0095) | (0.0112) |
| rgdp_growth | -0.0020 | -0.0032* | 0.0029*** | 0.0083*** |
| | (0.0013) | (0.0016) | (0.0008) | (0.0019) |
| log_rel_opw | 0.0711*** | 0.0586*** | 0.0190 | -0.0145 |
| | (0.0193) | (0.0132) | (0.0243) | (0.0125) |
| kaopen | 0.0409*** | 0.0504*** | 0.0067 | 0.0053 |
| | (0.0091) | (0.0063) | (0.0094) | (0.0059) |
|:---|---:|---:|---:|---:|
| N | 4101 | 4101 | 3456 | 3456 |
| R² | 0.0714 | 0.0550 | -0.0097 | 0.0221 |
| Countries | 143 | 143 | 123 | 123 |

*LPM: Panel GLS with country and year fixed effects. Logit: pooled logit, marginal effects at means reported. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*